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Rising inflation could trigger global sell-off that would harm UK, says Bank

Risky asset prices in several markets are at historically high levels and could be primed for sharp fall, it adds

The Bank of England has warned that rising inflation could trigger a sell-off in global financial markets, with damaging consequences for the UK economy.

Against a backdrop of soaring energy prices and severe shortages of workers and materials, Threadneedle Street said inflationary pressures were rising as the pace of economic recovery from the pandemic slows.

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